U.S. Regulators Advance Crypto Regulation After Clarity Act Stalls
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3h ago
0mins
U.S. regulators said they are prepared to use existing authority to advance crypto regulation after the Clarity Act stalled, though SEC Chair Paul Atkins said legislation remains preferable and is still expected to pass this year, The Wall Street Journal's Dylan Tokar reports. The delay followed Coinbase's (COIN) withdrawal of support over stablecoin provisions, prompting regulators to coordinate oversight through a forthcoming agreement between the SEC and CFTC. Publicly traded companies in the space include Bit Digital (BTBT), Bitfarms (BITF), Circle Internet (CRCL), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Riot Platforms (RIOT), Strategy (MSTR), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).
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Analyst Views on CRCL
Wall Street analysts forecast CRCL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRCL is 143.07 USD with a low forecast of 65.00 USD and a high forecast of 280.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
10 Buy
4 Hold
3 Sell
Moderate Buy
Current: 72.840
Low
65.00
Averages
143.07
High
280.00
Current: 72.840
Low
65.00
Averages
143.07
High
280.00
About CRCL
Circle Internet Group, Inc. is a global financial technology company. It operates as a platform, network, and market infrastructure for stablecoin and blockchain applications and the issuer of a United States dollar-denominated stablecoin, USDC and a euro-denominated stablecoin, EURC (collectively Circle stablecoins). It provides a stablecoin network and a range of blockchain-specific software infrastructure. Its product offerings include Stablecoins, Developer Services, Integration Services, and Tokenized Funds. Developer Services develops an array of developer-ready and enterprise-grade infrastructure services that developers can plug into their own applications. It connects and integrates products, such as USDC across blockchain networks. Its Tokenized Funds are regulated yield-bearing investments for collateral use in capital markets. It also offers liquidity services, which provides institutional minting, reserving, redemption, and foreign exchange services for Circle stablecoins.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strategic Timing: Mike O'Reilly from Fidelity stated that the GENIUS Act provides a clear regulatory framework for stablecoin operations, making the launch of FIDD a strategic decision that further solidifies its role as a bridge between traditional finance and blockchain-based payments.
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- Investor Opportunities: For institutions operating in the UAE, USDU offers a compliant settlement option, strengthening ties with local banks and gaining central bank approval, thus supporting the UAE's strategic goal of becoming a major crypto hub.
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